$200,000

404-406 E Prospect Terrace, Freeport, IL 61032

  • 4 beds |
  • 2 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1897
  • Property Lot Size Icon0.25acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 24 days ago

Property Description

Stop Renting. Start Owning! Unique homeownership opportunity designed for renters ready to make the move to owning. Two-story duplex featuring 2 bedrooms and 1 bathroom in each unit. The main floor unit offers a spacious living room and separate dining room with hardwood flooring, plus a kitchen with new vinyl plank flooring and main floor laundry hookups. The upper unit features a light-filled living room, separate dining room, and kitchen with new vinyl plank flooring. Property also includes separate basement access, separate utilities, and updated 100-amp service. Great opportunity for an owner-occupant or investor. This property qualifies for a unique homeownership program designed to help renters transition to ownership with minimal upfront cash and a simplified approval process. Example terms: $200,000 purchase price with payments as low as $1,395/month. Security deposit may be applied toward the down payment, and the first month's rent becomes the first mortgage payment. Program designed for hardworking buyers, including self-employed, 1099 earners, small business owners, ITIN holders, and credit-rebuilding applicants. If you qualify to rent, you may qualify to own. Program availability and terms vary. All approvals subject to income verification and underwriting guidelines. Equal Housing Opportunity.

Listing Status:
Active
Data Last Updated:
April 4, 2026 at 7:20PM
Listing Office:
Keller Williams Realty Signature : 815-315-1111
Listing Agent:
Olga Kampmeier : 815-315-1111
MLS ID:
12590298
  • Basement: UnfinishedFull
  • Heating: Forced Air
  • Parking: Parking spaces: 2
  • Originating MLS: mred
  • School District: 145
  • County: Stephenson
  • Zoning: 18143147803300
  • Water: Public
  • Sewer: Public Sewer
  • Source: mred
  • Ownership: Fee Simple

This listing courtesy of Olga Kampmeier , Keller Williams Realty Signature

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Center Elementary School

718 E Illinois St, Freeport, IL, 61032

Grades PK-4

0.27 miles away

F

Freeport Middle School

701 W Empire St, Freeport, IL, 61032

Grades 7-8

0.88 miles away

F

Freeport High School

701 W Moseley St, Freeport, IL, 61032

Grades 9-12

0.85 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.